Trial now
USDCAD TECHS

Lower And Through Support

US TSYS SUMMARY

Risk Appetite Resumes

AUDUSD TECHS

In A Range

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 3: 99.860 - All time High Nov 3 and the bull trigger
  • RES 2: 99.728 - 50-dma (cont)
  • RES 1: 99.694 - High Jun 11
  • PRICE: 99.570 @ 15:29 BST Jun 17
  • SUP 1: 99.550 - Low Jun 17
  • SUP 3: 99.458 - 50% 2020 Rally
  • SUP 3: 98.641 - 1.0% 10-dma Envelope

Aussie 3y futures ebbed to new contract lows this week, with the more hawkish-than-expected Fed decision working against the global government bond market. This switches the outlook to neutral, with prices needing to top the high watermark for the U1 contract at 99.694 to return to a bullish theme. Above there, the 50-dma on the continuation contract at 99.728 becomes the next target. Next support undercuts at the 50% retracement of the 2020 rally at 99.458.